LOS ANGELES--(BUSINESS WIRE)--Platinum Studios, Inc. (OTCBB:PDOS), an entertainment company that
controls an international library of more than 5,600 comic book
characters which it adapts, produces and licenses for all forms of media
and Vanguard Animation, the film production entity created by the
producer of the Shrek franchise, announced the creation of a new
comic book imprint called Vanguard Comics. Vanguard Animation is 30%
owned by Starz Media, LLC, which in turn is a wholly owned subsidiary of
Liberty Media Corporation that is attributed to Liberty Capital Corp
(NASDAQ:LCAPA)(NASDAQ:LCAPB).

This co-run imprint, which began life when Platinum Studios Chairman and
CEO, Scott Mitchell Rosenberg, invited Vanguard Animation Chairman, John
H. Williams, to be a judge at last year’s
Comic Book Challenge™ (www.ComicBookChallenge.com),
enables Vanguard Animation to develop properties that can simultaneously
launch as comic books or graphic novels and as feature films.

The venture has acquired its first property, “Illegal
Aliens”, which was one of the Top 50 finalists
in last year’s Comic Book Challenge™. The
story concerns a skeptical tabloid news reporter sent down to a border
town in Texas to investigate cattle mutilations. The reporter
inadvertently taps into a myth that dates back to Mayan times: the
terrifying, primeval Chupacabra monster.

A film version of the project is being developed simultaneously.

“When Scott asked me to be a part of The Comic
Book Challenge™, I thought that it would be a
great way to hear story concepts,” said
Williams. “Scott and I both immediately
agreed that ‘Illegal Aliens’,
which is a full throttle horror thriller in the spirit of Aliens
and Predator, had franchise potential.”

Added Vanguard’s Williams: “Out
of that enthusiasm, was born Vanguard Comics, where fantastical worlds
are grounded in great character based dramatic-action story telling."

“When I asked John to be a part of last year’s
Comic Book Challenge™, I was hoping that
something like this would come out of it,”
said Platinum Studios’ Rosenberg.

‘Illegal Aliens’
was created by Kevin MacDougall, a freelance illustrator, who has done
comic book work and commercial art for many companies over the past 12
years. He currently lives in Mooseheart, IL.

Submissions for The 2008 Comic Book Challenge™
close on June 14, 2008.

About Platinum Studios, Inc.

Platinum Studios (OTCBB:PDOS) is an entertainment company that controls
an international library of comic book characters from all over the
world, which it adapts, produces and licenses for all forms of media
including print, film, online, mobile / wireless, gaming, and
merchandising. Platinum Studios’ library
contains more than 5,600 characters spanning a full range of genres and
styles, and also includes properties such as www.DrunkDuck.com,
the industry’s preeminent webcomics
community. Working with leading companies in the entertainment and new
media sectors, Platinum believes it is well positioned to emerge as one
of the front-runners in the creation of new content across all media
platforms. Platinum Studios - Comics Fueling Media EVERYWHERE!

Vanguard Animation is a producer of animated and live action feature
films (through its sister skein Vanguard Films), with tie-ins to video
games and marketing. Current projects in or nearing production include
ON THE ROAD, in co-production with Zoetrope Studios and to be directed
by Walter Salles; THE TWITS in collaboration with Universal Pictures and
Working Title, Ltd.; and the upcoming animated feature film SPACE
CHIMPS, which Fox will release theatrically in the U.S. on July 19, 2008.

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similar expressions identify such forward-looking statements. Actual
results, performance or achievements could differ materially from those
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contained herein. These forward-looking statements are based largely on
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and uncertainties associated with: the impact of economic, competitive
and other factors affecting Platinum Studios and its operations; its
markets, products, and distributor performance, the impact on the
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